Green projects have a positive impact on asset value appreciation, a higher resale value, and shorter payback period, which results in higher returns on investment for owners over time.
Amar Sarin - MD & CEO, TARC
According to a report by JLL, demand for green buildings in India has risen by more than 20% in the past year. IGBC has certified over 6,000 green buildings in the country, covering a total area of over 7.54 billion sq.ft. This is a clear indication that developers are increasingly adopting green building practices and obtaining green certifications for their projects. Benefits of green buildings include lower operating costs, higher resale value, and improved health and well-being of occupants.
The Energy Conservation Building Code (ECBC) implemented in several states mandates energy-efficient building design and construction practices for new buildings, as well as for major renovations and retrofits of existing buildings.
Green projects also offer easier capital sourcing as financial institutions and investors have started to focus more on sustainable practices. These projects may enjoy lower financing costs and better terms, ultimately reducing the total cost of capital and increasing the net present value of the project. What’s more, green projects have a competitive edge in the market due to their growing demand and often command a premium, resulting in a higher return on investment, making them an attractive investment opportunity.
TARC MACEO 05-©Parwez K Photography
TARC projects incorporate sustainable and eco-friendly elements to minimize environmental impact and promote a healthy and sustainable lifestyle for the occupants. TARC Tripundra is IGBC Gold Certified. Its structure is made of reinforced concrete, and eco-friendly natural stone, which is rich in minerals and prevents bacterial growth. Low-VOC paints and recycled materials have also been used to minimize waste and promote sustainability. Rainwater harvesting system has been incorporated to conserve water and recharge the groundwater table.
TARC Maceo, a 15.75-acre estate located in Gurugram, in addition to rainwater harvesting, incorporates wastewater/sewage treatment, and solar panels. Both TARC Tripundra and Maceo have been designed with eco-friendly features that include insulation, double-glazed windows, high-efficiency HVAC systems, and solar panels. Rooftop gardens and landscaped areas have been thoughtfully incorporated to promote biodiversity and improve air quality. A green parking facility and energy-efficient low-consumption systems further reduce the project’s carbon footprint.